U.S. Exits GM Stake, Taxpayers Lose About $10 Billion

Newswire

WASHINGTON, Dec 9 (Reuters) - The U.S. government sold its last shares in General Motors Co on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout.
"With the final sale of GM stock, this important chapter in our nation's history is now closed," Treasury Secretary Jack Lew said.

REGISTER NOW

To access this content simply register belownow.
Registering is easy and allows you to:

The classic image of a V-8 is big and thirsty. Engineers set out to dispel that notion by making the small-block Gen V engines extremely efficient. Along the way, some dynamometers also got toasted....More

Today’s auto-industry executives must connect Silicon Valley and Detroit, as well as address entirely new dimensions of safety concerns, such as how to protect their customers’ privacy and data....More